The investment process
To qualify as an immigrant investor in Quebec, the applicant:
- must intend to live in Quebec;
- must be selected by the province of Quebec;
- must invest $400,000 for a period of five years; and
- must have a net worth of $800,000.
Applicants must demonstrate a link between the minimum capital investment required ($400,000) and the applicant's business experience.
A minimum of 6 selection points is required for "Experience", meaning three years or more. Less than three years experience will result in the refusal of the application.
The applicant must have a minimum three years of business experience in either:
- an agricultural, commercial, or industrial business which is both licit and profitable;
- a government, a government department or one of its agencies; or
- an international organization.
"Experience" for business immigrants does not include apprenticeship, training or specialization which results in the issuance of a diploma. Experience may include managerial experience and senior executive experience.
"Licit" means an activity or enterprise which does not contravene the laws of the country of origin and which are generally accepted in western economies.
A business is considered profitable if two of the following seven criteria are met:
- growth of net assets;
- growth of business volume or sales;
- development of new products or new markets;
- ratio on return of investment that is positive (net benefit/investment);
- ratio on return of assets that is positive (net revenue/total assets);
- ratio of shareholders return that is positive (net revenue/total assets); and
- ratio on return on sales that is positive (net revenue /sales minus expenses)/sales).
The applicant must have the intention and ability to invest in Quebec according to the immigrant investment program.
Ability is demonstrated by establishing the net worth of the applicant. The composition of the required minimum net worth of $800,000 may include bank account funds and other liquid assets such as easily traded shares and similar negotiable instruments.
The value of a business should be supported by an accounting of the financial statement of the business.
The immigrant investor receives 30 selection points. Points are attributed to factors such as age, education, language, etc. The applicant requires a total of 50 points out of a possible of 121 points in order to obtain a Quebec Ceritificate of Selection
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